Home loan rates hike: 8 key lessons borrowers need to keep in mind

In light of the increased interest rates, home loan borrowers should be mindful of their financial commitments by maintaining a budget, limiting obligations, opting for prepayment, exploring PF withdrawal, availing home loan insurance, and utilising the balance transfer or conversion facility.

As fixed deposit interest rates have hit a high, is this the right time to lock your savings in FDs?

Wealth advisors suggest that investors who want to invest in term deposits for a short-term goals can block their money now since the interest rates have hit their peak now

Apple launches high-yield savings account; Beats leading Indian banks on interest rates

Apple has launched a savings account linked to its Apple Card with an APY of 4.15% and no fees, minimum deposits, or minimum balance requirements. It offers a much higher interest rate than most Indian banks, making it a viable competitor in the financial services industry.

Borrowers must be proactive in managing their loan repayments, says Shreyans Nahar of Finsire

In an interview with MintGenie, Nahar said how the choice of a loan depends on the borrower's individual circumstances, financial needs, and risk appetite

Housing loan portfolio in good shape despite interest rate hikes, says Kotak Institutional Equities

According to a report by Kotak Institutional Equities, the housing loan portfolio is showing robust growth with all key markets contributing well. Interest rates have increased by 150 bps since March 2022, but yields are similar to FY2019 levels and asset quality remains healthy. 

SBI reintroduces ‘Amrit Kalash’ FD scheme with attractive interest rates: Here's all you need to know

The Amrit Kalash FD scheme is a 400-day term deposit scheme by SBI offering 7.1% interest for non-senior citizens and 7.6% for senior citizens. Deposits can be made at branches, online, or through the SBI YONO app. 

GPF interest rate unchanged for June quarter: All you need to know about it

The government provident fund is a government-backed saving scheme that provides financial security to its employees during their retirement years. It offers attractive tax benefits, a reasonable rate of return and the flexibility to withdraw money at any time. 

How does RBI's no-rate change policy affect your personal finance?

The RBI's decision to keep interest rates unchanged will have a mixed effect on personal finances, providing stability to some individuals but creating an inflationary environment for others.

Kotak Mahindra Bank, Indian Overseas Bank revise their FD interest rates. Details here

Kotak Mahindra Bank will give an interest rate of 6.5% for deposits of tenure between 3 to 4 years. The interest rate falls to 6.25% for term deposits with tenure between 4 to 5 years.

What is the impact of repo rate on returns of fixed income instruments? An explainer

When interest rates rise, bond prices tend to fall and vice versa. At the same time, interest rates on fixed deposits rise in tandem.

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Home loan rates hike: 8 key lessons borrowers need to keep in mind

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